In 2024, Malaysia"s silver market shows distinct patterns in trade volume and pricing. Silver, both in powder and unwrought forms, plays a pivotal role in the country"s metals industry. The data indicates a significant import activity, with silver powder imports reaching a substantial volume of 28,739. 81 kg valued at $27,351,069. 546. Another noteworthy import is the 7,913. 13 kg of unwrought silver, amounting to $7,415,249. 811, illustrating a robust demand for raw silver materials.
Conversely, silver exports from Malaysia appear limited. The export of silver powder is negligible, with no recorded quantity, yet its value stands at $1,297,409. 022, suggesting high per-unit prices. Similarly, unwrought silver exports total 980. 241 kg, valued at $811,836. 215, indicating a significant valuation but lower trade volume compared to imports. These data points underscore a strategic import-led market for silver in Malaysia, likely driven by domestic consumption needs and value-addition processes within the local manufacturing sectors. The high import values, especially the $44,723,913.
756 for a batch of silver powder, depict rising costs or a shift towards premium quality imports. For businesses seeking to engage with Malaysia"s silver market, understanding these trends is crucial. Identifying reliable suppliers and leveraging competitive pricing can provide significant advantages in this dynamic environment. Aritral, an AI-driven B2B platform, facilitates international trade in metals and raw materials. It offers invaluable tools such as Product Listing, Direct Communication, Global Sales Assistance, AI-Powered Marketing, and Profile Management, streamlining access to Malaysia"s metals market and connecting buyers with key silver suppliers.
No profiles available to display